Sitio Royalties Correlations

STR Stock

USD 20.28 0.21 1.02%

The current 90-days correlation between Sitio Royalties Corp and Black Stone Minerals is 0.61 (i.e., Poor diversification). The correlation of Sitio Royalties is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Sitio Royalties Correlation With Market

Modest diversification

The correlation between Sitio Royalties Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sitio Royalties Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sitio Royalties Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Sitio Stock

0.61	LB	LandBridge Company	Pair Corr
0.75	PR	Permian Resources	Pair Corr
0.68	SD	SandRidge Energy	Pair Corr
0.68	EONR	EON Resources Symbol Change	Pair Corr
0.75	FANG	Diamondback Energy	Pair Corr
0.63	BRY	Berry Petroleum Corp	Pair Corr
0.61	CNQ	Canadian Natural Res	Pair Corr
0.82	COP	ConocoPhillips	Pair Corr
0.69	CRK	Comstock Resources	Pair Corr
0.68	DVN	Devon Energy	Pair Corr
0.71	EOG	EOG Resources	Pair Corr
0.84	EPM	Evolution Petroleum	Pair Corr
0.61	EXE	Expand Energy Symbol Change	Pair Corr
0.91	MGY	Magnolia Oil Gas	Pair Corr

Moving against Sitio Stock

0.31

CNX

CNX Resources Corp

Pair Corr

Related Correlations Analysis

	BSM	DMLP	MVO	VOC	KRP	CTRA	SJT	CRT	MTR	PRT
BSM		-0.29	-0.45	-0.56	-0.26	0.81	0.79	0.78	0.21	0.7	BSM
DMLP	-0.29		0.69	0.85	0.84	-0.03	-0.55	-0.56	-0.11	-0.37	DMLP
MVO	-0.45	0.69		0.88	0.54	-0.27	-0.48	-0.72	-0.02	-0.75	MVO
VOC	-0.56	0.85	0.88		0.74	-0.24	-0.71	-0.76	0.02	-0.63	VOC
KRP	-0.26	0.84	0.54	0.74		0.05	-0.58	-0.43	0.09	-0.18	KRP
CTRA	0.81	-0.03	-0.27	-0.24	0.05		0.42	0.67	0.5	0.7	CTRA
SJT	0.79	-0.55	-0.48	-0.71	-0.58	0.42		0.7	-0.04	0.5	SJT
CRT	0.78	-0.56	-0.72	-0.76	-0.43	0.67	0.7		0.33	0.82	CRT
MTR	0.21	-0.11	-0.02	0.02	0.09	0.5	-0.04	0.33		0.34	MTR
PRT	0.7	-0.37	-0.75	-0.63	-0.18	0.7	0.5	0.82	0.34		PRT
	BSM	DMLP	MVO	VOC	KRP	CTRA	SJT	CRT	MTR	PRT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VOC	+ 0.88	MVO
VOC	+ 0.85	DMLP
KRP	+ 0.84	DMLP
PRT	+ 0.82	CRT
CTRA	+ 0.81	BSM
SJT	+ 0.79	BSM

High negative correlations

CRT	- 0.76	VOC
PRT	- 0.75	MVO
CRT	- 0.72	MVO
SJT	- 0.71	VOC
PRT	- 0.63	VOC
SJT	- 0.58	KRP

Risk-Adjusted Indicators

There is a big difference between Sitio Stock performing well and Sitio Royalties Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Sitio Royalties' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BSM	0.95	0.13	0.14	0.35	1.05	(1.04)	2.32	(2.09)	5.27
DMLP	0.90	(0.08)	0.00	(0.48)	0.00	0.00	1.86	(2.12)	8.10
MVO	2.83	(0.54)	0.00	2.12	0.00	0.00	5.25	(8.10)	17.42
VOC	2.13	(0.51)	0.00	(1.44)	0.00	0.00	2.96	(4.33)	18.49
KRP	1.16	(0.11)	0.00	(0.24)	0.00	0.00	2.06	(3.43)	8.16
CTRA	1.44	0.23	0.14	0.59	1.62	(1.45)	3.01	(2.61)	7.66
SJT	2.86	0.39	0.13	0.57	2.80	(3.50)	8.62	(4.39)	19.05
CRT	1.49	0.30	0.20	0.51	1.42	(1.84)	3.17	(2.89)	9.53
MTR	1.83	(0.05)	0.00	(0.84)	0.00	0.00	4.44	(4.25)	12.35
PRT	1.68	0.26	0.11	0.25	2.19	(1.80)	3.59	(3.93)	11.42

Sitio Royalties Corporate Management

Jim Norris	VP Officer	Profile
Brett Riesenfeld	General VP	Profile
Carrie Osicka	Chief Officer	Profile
Ross Wong	Vice Relations	Profile
Dax McDavid	Executive Development	Profile
Jarret Marcoux	Executive Acquisitions	Profile
Alyssa Stephens	Vice Relations	Profile

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